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Amalgamated Bank · 2 days ago

Third Party Risk Management Analyst

New York, NY

Full-time

Onsite

Entry Level

$80K/yr - $100K/yr

1+ years exp

Amalgamated Bank is seeking a Third Party Risk Management Analyst to support their Enterprise Third Party Risk Management Program. The role involves collaborating with third parties and internal teams to assess and manage third party risks throughout the organization.

Banking

Responsibilities

Guide business stakeholders in best-practice guidelines for selecting their preferred third parties in accordance with Enterprise Third Party Risk Management policy and standards

Follow established Enterprise Third Party Risk Management procedures to complete onboarding of selected third parties, including the completion of appropriate forms, questionnaires and the provision of required due diligence documentation

Develop an understanding of the risks presented by third parties, the determination of their inherent risk profiles and the appropriate due diligence information required for each third party engagement

Develop expert-level awareness of third party contracting requirements

Ensure executed contracts are archived correctly within the third party risk management solution and supporting electronic archives

Participate in the collection of due diligence information in the initial and periodic monitoring of third party providers and ensure it is appropriately archived

Prepare, conduct and document assessments of audit reports provided by third parties (SOC reports) and assist business users in the review, documentation of controls and testing exceptions

Assist in the performance of third party risk assessments and coordinate responses amongst subject matter experts

Become proficient in the use of the third party management solution that serves as the repository for third party contracts and due diligence documentation, the tool for monitoring, assessing third party engagements and reporting on the status of the Third Party Risk Management Program

Assist in the creation, modification, and maintenance of the Enterprise Third Party Risk Management Policy and Procedures

Participate in the training and education of company staff in the Third Party Risk Management Program, processes, lifecycle, and delineation of responsibilities between 1LoD and 2LoD

Contribute on projects and initiatives supporting process improvement and enhancement of third party risk management processes as needed

Perform other duties as directed

Qualification

Third Party Risk ManagementRisk AssessmentGovernanceRiskCompliance (GRC)Security FrameworksAnalytical SkillsMS Office SuiteProject ManagementSelf-DisciplineCommunication SkillsProblem-Solving SkillsDetail Oriented

Required

Bachelor's degree in Business Administration, Finance, Accounting, business-related degree or minimum of 2 years third party risk management industry experience

At least 1-2 years exposure with various security frameworks

Foundational knowledge of finance, risk management, and third party risk management concepts

Excellent analytical, project management, and problem-solving skills

Strong interpersonal and communications skills, with ability to professionally communicate both verbally and in writing

Self-disciplined (ability to work independently), proactive and detail oriented

Proficient in MS Office Suite, particularly Excel and PowerPoint

Preferred

Any AI or machine learning experience is preferred

Preferred minimum of 1 year or internship in relevant risk/third party management experience, paralegal or related field; Recent graduate's welcome

Knowledge and proficiency with Governance, Risk, and Compliance (GRC) systems is highly appreciated

Company

Amalgamated Bank

For over a century, Amalgamated Bank has been America’s Socially Responsible bank supporting thousands of people, organizations, causes and businesses.

Founded in 1923

New York, New York, USA

201-500 employees